In an effort to combat sanctions evasion, on August 19, 2024, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) and its regulations came into force, expanding the reporting obligations for “reporting entities” The recent amendments include a newly created “sanctions evasion offense” under the PCMLTFA, which is defined as:… Continue reading Changes to Canada’s Sanctions Enforcement Regime
Canada announced an additional round of sanctions under the Special Economic Measures (Russia) Regulations, SOR/2014-58 (the “Russia Regulations”) on December 12, 2023, effective retroactively as of December 8, 2023. This new round of sanctions adds 30 Russian nationals to Part 1 of Schedule 1 of the Russia Regulations. According to the news release from Global… Continue reading Additional Sanctions and Prohibitions Included in Latest Amendments to the…
Canada has announced a new round of sanctions under the Special Economic Measures (Moldova) Regulations, SOR/2023-109 (the “Moldova Regulations”) targeting alleged “Russian collaborators”. These new sanctions target nine individuals believed by Canada to be associated with “influential oligarchs”, as well as six television stations that are alleged to “promote and disseminate Russian disinformation”. These sanctions… Continue reading Moldova Subject to Additional Round of Canadian Sanctions
On September 21, 2023, Canada announced further sanctions under the Special Economic Measures (Haiti) Regulations (the “Haiti Regulations”). Canada has sanctioned three elite businessmen, “who are fueling the violence and instability in Haiti by engaging in significant acts of corruption”. Specifically, Canada finds that these individuals have fostered a “climate of impunity” in Haiti, by… Continue reading Members of the “Haitian Economic Elite” Sanctioned by Canada
On September 15, 2023, Canada released new sanctions under Schedule 1 of the Special Economic Measures (Iran) Regulations (the “Iranian Regulations”). The sanctions target six individuals for what Canada has identified as involvement in activities that constitute gross and systemic human rights violations. Canada states that those targeted are connected to Iran’s Supreme Council for… Continue reading Canada Issues New Sanctions Against Iran
On August 22, 2023, the Government of Canada released new sanctions under Schedule 1 of the Special Economic Measures (Russia) Regulations (the “Russian Regulations”). The sanctions target four individuals and 29 entities connected to Russia’s military-industrial complex, financial institutions, and nuclear sector. These newly targeted individuals include persons identified by Canada to be involved in… Continue reading Russian Military, Financial and Nuclear Sectors Sanctioned by Canada
On August 18, 2023, Canada announced new sanctions under the Special Economic Measures (Russia) Regulations (the “Russia Regulations”), effective retroactively as of August 17, 2023, targeting individuals and entities of the Russian justice and security sectors. This recent amendment adds 15 individuals and three entities to Schedule 1 of the Russia Regulations. The sanctioned individuals… Continue reading Canada Targets Russian Justice and Security Sectors in Newest Round…
During the first half of August, Canada has amended 13 sanctions regulations enacted under the Special Economic Measures Act (the “SEMA”) to broaden the scope of individuals who may be subject to sanctions under these sanctions regimes. In addition, Canada has issued new sanctions against Iran and Belarus, and has added three Lebanese individuals to… Continue reading August 2023 Sanctions Update: Changes to the Definition of “Listed…
On May 3, 2023, Canada announced additional sanctions, effective retroactively as of April 28, 2023, against one Iranian entity and nine Iranian individuals under the Special Economic Measures (Iran) Regulations (the “Iran Regulations”) for “their role in gross and systemic human rights violations”. The individuals listed include members of the “so-called Morality Police unit that… Continue reading Eleventh Package of Sanctions Announced Against Iran “For Continued Human…
On April 11, 2023, Canada announced new sanctions targeting Russia and Belarus. These sanctions, effective retroactively as of April 5, 2023, are intended to “maintain pressure on the Russian regime”. The announcement coincides with a meeting between Prime Minister Trudeau and the Prime Minister of Ukraine, Denys Smyhal, which was held in Toronto yesterday. The… Continue reading Canada Imposes Additional Sanctions on Russia and Belarus to “Maintain…
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